Industry & Analysis
News
April 14, 2024
In its first forecast for 2025, the Paris-based IEA predicted demand growth of 1.1 MMbpd in 2025. It also trimmed its estimate for this year’s expansion in consumption by 130,000 bpd to 1.2 MMbpd. The agency’s growth estimate is below the 1.9 MMbpd predicted by world’s largest independent oil trader, Vitol Group, and about 1 MMbpd less than the increase foreseen by OPEC.
News
April 12, 2024
The Independent Petroleum Association of America (IPAA) issued a statement in response to the Bureau of Land Management's final Fluid Mineral Leases and Leasing Process rule released Friday that revises oil and gas leasing regulations including increases to bonding requirements, royalty rates, and minimum bids.
News
April 12, 2024
The changes wouldn’t affect ConocoPhillips’s 600 MMbbl Willow oil project in the National Petroleum Reserve-Alaska. But oil industry leaders say the plan is more expansive than initially anticipated and threatens to make it nearly impossible to build more important projects in the region.
News
April 11, 2024
According to “people familiar with the matter,” discussions didn’t progress farther than initial conversations. Along with political factors, ADNOC decided that the $110.3 billion company wouldn’t fit well into its strategy.
News
April 11, 2024
The producers group maintained its bullish forecasts for global oil demand growth this year, predicting an annual increase of as much as 2.7 MMbpd in the third quarter.
News
April 10, 2024
In the SEC filing, SilverBow asserts that a combination between SilverBow and Kimmeridge Texas Gas is not in the best interest of all of its shareholders.
News
April 10, 2024
According to DNV's annual “Industry Insight” survey, 73% of senior oil and gas professionals express confidence in the industry's growth trajectory for the upcoming year, a figure that has remained steady at around 74% since 2022, reflecting a resolute stance amid turbulence.
News
April 09, 2024
Enverus Intelligence Research (EIR), a subsidiary of Enverus, has released a new report highlighting the organization’s view that it does not expect global oil demand to peak or plateau by the end of the decade.
News
April 09, 2024
European supermajors have historically lagged behind their U.S. peers, with some investors pointing at large spending on renewables as part of the reason why shares have underperformed.
News
April 09, 2024
Investors would likely support mergers between major Canadian energy producers that increased scale and improved cost efficiencies — and Canadian companies are in a position to do such deals, said Brad Wells, head of energy at BMO Capital Markets.
News
April 08, 2024
Crude futures topped $90 a bbl last week for the first time since October as a combination of robust consumption, output disruptions and geopolitical risks pushed prices higher.
News
April 08, 2024
Jamie Dimon said U.S. delays of liquefied natural gas (LNG) projects were done for “political reasons” to pacify those who believe oil and gas projects should be stopped — a position he calls “wrong” and “enormously naïve.”
News
April 07, 2024
The American Petroleum Institute released a statement from API Senior Vice President and General Counsel Ryan Meyers on the U.S. Securities and Exchange Commission’s decision to stay its climate-related risk disclosure rule while courts adjudicate its legality.
News
April 07, 2024
Brent crude rallied more than 2% to climb above $90 a barrel on Thursday after Israeli Prime Minister Benjamin Netanyahu vowed to retaliate to any attack from Iran, despite the United States urging Israel to protect civilians.
News
April 05, 2024
Chesapeake Energy Corp.’s $7.4 billion takeover of Southwestern Energy Co. has been delayed until the second half of the year after antitrust regulators demanded more details from the natural gas operators.
News
April 04, 2024
Elected officials and trade groups representing businesses across the supply chain are sounding the alarm over the Biden administration’s new emissions standards for heavy-duty trucks which could threaten the speed and cost of goods moving throughout the country.
News
April 04, 2024
Prates’ potential departure after more than a year in the role underscores how Petrobras struggles to meet conflicting expectations from the government and minority shareholders.
News
April 04, 2024
A panel of key members led by Saudi Arabia recommended no policy changes at an online review meeting on Wednesday, according to a statement posted on the group’s website. That means roughly 2 MMbpd of production curbs will remain in place until the end of June.
News
April 04, 2024
Senegal will review agreements signed with oil and gas and other resources companies to ensure they’re optimized for the state to benefit, newly elected President Bassirou Diomaye Faye said.
News
February 01, 2024
Since its initial release nearly 40 years ago, API Specification Q1 has undergone numerous revisions, adapting to the evolving demands for safety and excellence in the natural gas and oil industry.
News
April 03, 2024
Helms joined the Houston executive management team in 2012 as Executive Vice President, Exploration and Production, managing EOG's operations across several divisions along with the company's Engineering and Acquisitions and Business Development functions.
